Federal prosecutors in New York have dropped an investigation into Polymarket, the popular crypto-powered gambling website where users place bets on elections, a person familiar with the matter said.

The receiver said his job now is to find out where $140 million went and how to get it back to those investors.

Last year, losses to cybercrime increased 33% from 2023 to a record $16.6 billion, according to the Federal Bureau of ...